bkp & ctp, page-13

CTP have much more land, but they also churn through cash at a huge rate. I think they have too many companies operating, you can see when they make announcements on their letter head there are about 8 or so company names. Administering all those companies is a big waste of cash, they should consolidate them to save cash, they have no income to justify their high opex.
I believe they are poorly lead and managed, they have no clear strategy.... jumping b/w being coal or oil/gas focused depending on which way the wind is blowing. Only good for short term trades... IMO.

BKP has a sharp team that doesn't throw cash away. Using fraccing for drilling is smart as it maximising potential of each drill hole... raising capital on the back of recent price increase was another smart move because, they hardly diluted s/holder at all and they can now fund their side of the drilling deal. From memory CTP's last raising was a total balls up.

BKP is a better long-term bet for me.